Detailed Single Year Tables

Description of Proposed Provision:
Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2013-2022). Provide benefit credit for earnings up to the revised taxable maximum levels.

&nbsp

Financial Estimates for the OASDI Trust Fund Program

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

&nbsp

Expressed as a percentage of present-law taxable payroll

Trust fund ratio as of January 1

Expressed as a percentage ofpresent-law taxable payroll

Calendaryear

Costrate

Incomerate

Annualbalance

Costrate

Incomerate

Annualbalance

2012

13.83

12.89

-0.93

340

0.00

0.00

0.00

2013

13.95

12.97

-0.98

329

0.00

0.14

0.14

2014

13.98

13.21

-0.77

316

0.00

0.28

0.28

2015

13.97

13.36

-0.61

305

0.00

0.41

0.41

2016

13.94

13.50

-0.43

295

0.00

0.52

0.52

2017

13.92

13.64

-0.28

287

0.00

0.63

0.63

2018

13.96

13.76

-0.20

279

0.00

0.73

0.73

2019

14.14

13.86

-0.28

271

0.01

0.81

0.80

2020

14.38

13.95

-0.43

263

0.01

0.88

0.87

2021

14.67

14.06

-0.61

255

0.01

0.95

0.94

2022

14.99

14.15

-0.83

246

0.01

1.03

1.01

2023

15.31

14.18

-1.13

237

0.02

1.03

1.01

2024

15.62

14.19

-1.43

227

0.02

1.03

1.01

2025

15.91

14.21

-1.70

216

0.03

1.03

1.00

2026

16.19

14.23

-1.96

204

0.04

1.03

1.00

2027

16.46

14.25

-2.21

192

0.04

1.03

0.99

2028

16.69

14.26

-2.43

179

0.05

1.04

0.98

2029

16.89

14.27

-2.62

165

0.06

1.04

0.98

2030

17.07

14.29

-2.79

151

0.07

1.04

0.97

2031

17.22

14.30

-2.93

136

0.08

1.04

0.96

2032

17.34

14.31

-3.03

120

0.09

1.04

0.95

2033

17.42

14.31

-3.11

104

0.10

1.04

0.95

2034

17.48

14.32

-3.16

87

0.11

1.05

0.94

2035

17.52

14.33

-3.20

70

0.12

1.05

0.93

2036

17.55

14.33

-3.22

53

0.13

1.05

0.92

2037

17.57

14.33

-3.23

36

0.14

1.05

0.92

2038

17.57

14.34

-3.23

18

0.15

1.05

0.91

2039

17.55

14.34

-3.21

1

0.16

1.06

0.90

2040

17.52

14.34

-3.18

----

0.17

1.06

0.89

2041

17.49

14.34

-3.15

----

0.18

1.06

0.88

2042

17.47

14.34

-3.13

----

0.19

1.06

0.87

2043

17.44

14.34

-3.10

----

0.20

1.06

0.87

2044

17.42

14.34

-3.08

----

0.21

1.06

0.86

2045

17.40

14.34

-3.06

----

0.22

1.07

0.85

2046

17.39

14.34

-3.05

----

0.23

1.07

0.84

2047

17.38

14.35

-3.03

----

0.24

1.07

0.83

2048

17.36

14.35

-3.02

----

0.25

1.07

0.82

2049

17.36

14.35

-3.01

----

0.26

1.08

0.81

2050

17.35

14.35

-3.00

----

0.27

1.08

0.80

2051

17.35

14.35

-3.00

----

0.28

1.08

0.80

2052

17.36

14.36

-3.01

----

0.29

1.08

0.79

2053

17.38

14.36

-3.02

----

0.30

1.08

0.78

2054

17.40

14.36

-3.03

----

0.32

1.09

0.77

2055

17.42

14.37

-3.05

----

0.33

1.09

0.76

2056

17.44

14.37

-3.07

----

0.34

1.09

0.76

2057

17.47

14.38

-3.09

----

0.35

1.10

0.75

2058

17.49

14.38

-3.11

----

0.36

1.10

0.74

2059

17.51

14.39

-3.13

----

0.36

1.10

0.74

2060

17.53

14.39

-3.14

----

0.37

1.11

0.73

2061

17.54

14.39

-3.15

----

0.38

1.11

0.73

2062

17.56

14.40

-3.16

----

0.39

1.11

0.72

2063

17.57

14.40

-3.17

----

0.40

1.11

0.72

2064

17.59

14.40

-3.19

----

0.40

1.12

0.71

2065

17.61

14.41

-3.20

----

0.41

1.12

0.71

2066

17.63

14.41

-3.22

----

0.41

1.12

0.71

2067

17.66

14.41

-3.25

----

0.42

1.12

0.70

2068

17.69

14.42

-3.27

----

0.43

1.13

0.70

2069

17.73

14.42

-3.30

----

0.43

1.13

0.70

2070

17.76

14.43

-3.33

----

0.44

1.13

0.70

2071

17.79

14.43

-3.36

----

0.44

1.13

0.69

2072

17.82

14.44

-3.39

----

0.44

1.13

0.69

2073

17.85

14.44

-3.41

----

0.45

1.14

0.69

2074

17.88

14.44

-3.44

----

0.45

1.14

0.69

2075

17.92

14.45

-3.47

----

0.45

1.14

0.69

2076

17.94

14.45

-3.49

----

0.46

1.14

0.68

2077

17.97

14.45

-3.52

----

0.46

1.14

0.68

2078

18.00

14.46

-3.55

----

0.46

1.15

0.68

2079

18.04

14.46

-3.58

----

0.46

1.15

0.68

2080

18.07

14.46

-3.61

----

0.47

1.15

0.68

2081

18.11

14.47

-3.64

----

0.47

1.15

0.68

2082

18.15

14.47

-3.68

----

0.47

1.15

0.68

2083

18.19

14.48

-3.71

----

0.47

1.15

0.68

2084

18.23

14.48

-3.75

----

0.48

1.15

0.68

2085

18.27

14.48

-3.79

----

0.48

1.16

0.68

2086

18.31

14.49

-3.83

----

0.48

1.16

0.68

2087

18.35

14.49

-3.86

----

0.48

1.16

0.68

&nbsp

Summarized Estimates

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

Years

Costrate

Incomerate

Actuarialbalance

Year of reserve depletion1

Costrate

Incomerate

Actuarialbalance

Based on Intermediate Assumptions of the 2012 Trustees Report.

2012-2086

16.90%

15.01%

-1.89%

2039

0.21%

0.99%

0.78%

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1 Under present law, the year of Trust
Fund reserve depletion is 2033.